{"id":25916,"date":"2020-04-09T09:00:30","date_gmt":"2020-04-09T09:00:30","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=25916"},"modified":"2020-04-09T15:13:52","modified_gmt":"2020-04-09T15:13:52","slug":"canada-loses-more-than-one-million-jobs-in-march","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/opinion\/canada-loses-more-than-one-million-jobs-in-march\/","title":{"rendered":"Canadian job losses"},"content":{"rendered":"<p>The economic impact of the coronavirus lockdown sees a new record set for job losses in one month.\u00a0<!--more--><\/p>\n<p><span style=\"font-weight: 400;\">March saw the largest loss of jobs in a single month since records began in 1976.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Justin Trudeau described the latest official data, released by Canada\u2019s federal statistics agency on Thursday, as a \u201chard day for the country.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;We&#8217;re facing a unique challenge,\u201d he said. \u201cBut I know that if we pull together, our economy will come roaring back after this crisis.\u201d<\/span><\/p>\n<h1><b>Record Losses<\/b><\/h1>\n<p><span style=\"font-weight: 400;\">There have been 19,290 confirmed cases in Canada and 436 deaths, according to figures from John Hopkins University.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Statistics Canada said 1,011,000 jobs were lost across the country in March, driving the unemployment rate to 7.8%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Between 15-21 March, an estimated 1.3m people were not able to work due to Covid-19, Statistics Canada said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Altogether, approximately 3.1m people were affected either by job loss or reduced hours, according to the data.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The jobs rate dropped in every province, with Ontario, Alberta, British Columbia, and Quebec hardest-hit.<\/span><\/p>\n<h1><b>\u201cUrgent action needed\u201d<\/b><\/h1>\n<p><span style=\"font-weight: 400;\">The Canadian Chamber of Commerce responded to the news by calling the data &#8220;expected&#8221; and &#8220;historically bad.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Countless more jobs will be lost if we can&#8217;t urgently get employers the wage supports they need,&#8221; a statement by the chamber said, warning that businesses were still <\/span><a href=\"https:\/\/www.ceo-na.com\/uncategorized\/a-long-wait\/\"><span style=\"font-weight: 400;\">weeks away<\/span><\/a><span style=\"font-weight: 400;\"> from receiving any financial assistance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Canada has already lowered interest rates and introduced the country&#8217;s largest-ever economic bail-out.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Under the bail-out plan announced by Trudeau\u2019s government, businesses that have lost more than 30% of their revenue are eligible for a wage subsidy worth up to 75% of their payroll.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On Wednesday, the country&#8217;s two major banks warned the damage could be worse than the 2008 financial crisis, and it could take longer for Canada to recover.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The economic impact of the coronavirus lockdown sees a new  [&#8230;]<\/p>\n","protected":false},"author":21,"featured_media":25919,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53],"tags":[529,99,1385,3565,475,1292],"class_list":["post-25916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion","tag-canada","tag-ceo","tag-ceo-northam","tag-job-losses","tag-unemployment","tag-unemployment-rate"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/25916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=25916"}],"version-history":[{"count":3,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/25916\/revisions"}],"predecessor-version":[{"id":25921,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/25916\/revisions\/25921"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/25919"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=25916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=25916"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=25916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}